Filing Flows › LendingTree (TREE) › Q2 2026 › vs Q1 2026
LendingTree (TREE) Q2 2026 vs Q1 2026 (quarter over quarter)
LendingTree's revenue fell $13.8M (-4%) from $327M in Q1 2026 to $313M in Q2 2026. The biggest changes: Insurance Segment −$12.6M (-6%); Consumer Segment −$6.1M (-9%); Home Segment +$4.8M (+12%). Gross margin 28.3% against 30.8% (-2.4 pts).
LendingTree, Q2 2026: revenue $313M (+25% year over year), operating margin 7.0%, net earnings $9.6M, operating cash flow $29.2M. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Gross margin | 28.3% | 30.8% | -2.4 pts |
| Operating margin | 7.0% | 9.5% | -2.6 pts |
| Net margin | 3.1% | 5.3% | -2.2 pts |
| Free cash flow margin | 8.3% | 2.7% | +5.6 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Insurance Segment | $209M | $222M | −$12.6M | -6% |
| Consumer Segment | $60.3M | $66.3M | −$6.1M | -9% |
| Home Segment | $43.9M | $39.1M | $4.8M | +12% |
| Revenue | $313M | $327M | −$13.8M | -4% |
| Gross profit | $88.8M | $101M | −$11.9M | -12% |
| Cost of revenue | $225M | $227M | −$1.9M | -0.8% |
| Operating profit | $21.8M | $31.1M | −$9.3M | -30% |
| Operating expenses | $67.0M | $69.6M | −$2.6M | -4% |
| Pre-tax earnings | $14.1M | $22.9M | −$8.8M | -38% |
| Other expense, net | $7.7M | $8.2M | −$546K | -7% |
| Net earnings | $9.6M | $17.3M | −$7.7M | -45% |
| Income tax | $4.6M | $5.7M | −$1.1M | -19% |
| Depreciation & amortization | $5.6M | $5.5M | $92K | +2% |
| Share-based compensation | $6.2M | $4.1M | $2.2M | +53% |
| Working capital & other | $7.8M | −$15.2M | $23.1M | — |
| Operating cash flow | $29.2M | $11.6M | $17.6M | +152% |
| Free cash flow (OCF − capex) | $26.0M | $8.8M | $17.2M | +196% |
| Capital expenditures | $3.2M | $2.8M | $395K | +14% |
Questions
How much did LendingTree's revenue grow quarter over quarter in Q2 2026?
LendingTree's revenue fell $13.8M (-4%) from $327M in Q1 2026 to $313M in Q2 2026.
What drove LendingTree's revenue change in Q2 2026?
Insurance Segment −$12.6M (-6%); Consumer Segment −$6.1M (-9%); Home Segment +$4.8M (+12%).